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EMPLOYEE BENEFIT PLAN OF GRD IMPORTS, INC. 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF GRD IMPORTS, INC.
Plan identification number 003

EMPLOYEE BENEFIT PLAN OF GRD IMPORTS, INC. Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

GRD IMPORTS, INC. has sponsored the creation of one or more 401k plans.

Company Name:GRD IMPORTS, INC.
Employer identification number (EIN):460815026
NAIC Classification:441110
NAIC Description:New Car Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF GRD IMPORTS, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01BETTY CALDWELL2023-07-20
0032021-01-01BETTY CALDWELL2022-06-24
0032020-01-01BETTY CALDWELL2021-06-07
0032018-01-01BETTY CALDWELL2019-05-09
0032017-01-01LANCE KESTERSON2018-08-15
0032016-01-01JAMES M. COCHRAN
0032016-01-01JAMES M. COCHRAN2018-10-05
0032015-01-01JAMES M. COCHRAN
0032015-01-01

Plan Statistics for EMPLOYEE BENEFIT PLAN OF GRD IMPORTS, INC.

401k plan membership statisitcs for EMPLOYEE BENEFIT PLAN OF GRD IMPORTS, INC.

Measure Date Value
2016: EMPLOYEE BENEFIT PLAN OF GRD IMPORTS, INC. 2016 401k membership
Total participants, beginning-of-year2016-01-01107
Total number of active participants reported on line 7a of the Form 55002016-01-0136
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-014
Total of all active and inactive participants2016-01-0140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0140
Number of participants with account balances2016-01-0140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0172
2015: EMPLOYEE BENEFIT PLAN OF GRD IMPORTS, INC. 2015 401k membership
Total participants, beginning-of-year2015-01-01562
Total number of active participants reported on line 7a of the Form 55002015-01-0193
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0114
Total of all active and inactive participants2015-01-01107
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01107
Number of participants with account balances2015-01-01107
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0112

Financial Data on EMPLOYEE BENEFIT PLAN OF GRD IMPORTS, INC.

Measure Date Value
2016 : EMPLOYEE BENEFIT PLAN OF GRD IMPORTS, INC. 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$323,453
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$3,844,614
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$3,843,926
Expenses. Certain deemed distributions of participant loans2016-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$181,771
Value of total assets at end of year2016-12-31$3,047,764
Value of total assets at beginning of year2016-12-31$6,568,925
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$688
Total interest from all sources2016-12-31$3,767
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
Total income from all sources2016-12-31$323,453
Expenses. Total of all expenses incurred2016-12-31$3,844,613
Benefits paid (including direct rollovers)2016-12-31$3,843,926
Total plan assets at end of year2016-12-31$3,047,765
Total plan assets at beginning of year2016-12-31$6,568,925
Value of fidelity bond covering the plan2016-12-31$50,000
Total contributions received or receivable from participants2016-12-31$181,771
Contributions received from other sources (not participants or employers)2016-12-31$1,848
Other income received2016-12-31$139,834
Net income (gross income less expenses)2016-12-31$-3,521,160
Net plan assets at end of year (total assets less liabilities)2016-12-31$3,047,765
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$6,568,925
Assets. Value of participant loans2016-12-31$33,449
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$687
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$181,771
Participant contributions at end of year2016-12-31$33,449
Participant contributions at beginning of year2016-12-31$164,028
Administrative expenses (other) incurred2016-12-31$688
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-3,521,161
Value of net assets at end of year (total assets less liabilities)2016-12-31$3,047,764
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$6,568,925
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$2,893,072
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$5,433,146
Interest on participant loans2016-12-31$1,848
Interest earned on other investments2016-12-31$1,919
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$121,243
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$971,751
Expenses. Payments to insurance carriers foe the provision of benefits2016-12-31$0
Net investment gain/loss from pooled separate accounts2016-12-31$137,915
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$3,843,926
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31CONNER ASH PC
Accountancy firm EIN2016-12-31431012822
2015 : EMPLOYEE BENEFIT PLAN OF GRD IMPORTS, INC. 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets from this plan2015-12-31$16,610,029
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$2,618,276
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$19,648,599
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$19,648,325
Expenses. Certain deemed distributions of participant loans2015-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$2,695,730
Value of total assets at end of year2015-12-31$6,561,833
Value of total assets at beginning of year2015-12-31$23,592,156
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$274
Total interest from all sources2015-12-31$68,352
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31No
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$2,057,335
Participant contributions at end of year2015-12-31$164,028
Participant contributions at beginning of year2015-12-31$636,935
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$638,395
Other income not declared elsewhere2015-12-31$1,024
Administrative expenses (other) incurred2015-12-31$274
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-17,030,323
Value of net assets at end of year (total assets less liabilities)2015-12-31$6,561,833
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$23,592,156
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$5,426,054
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$20,515,886
Interest on participant loans2015-12-31$27,282
Interest earned on other investments2015-12-31$41,070
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$971,751
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$2,322,335
Expenses. Payments to insurance carriers foe the provision of benefits2015-12-31$0
Net investment gain/loss from pooled separate accounts2015-12-31$-146,830
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$0
Employer contributions (assets) at beginning of year2015-12-31$117,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$19,648,325
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31CONNER ASH PC
Accountancy firm EIN2015-12-31431012822

Form 5500 Responses for EMPLOYEE BENEFIT PLAN OF GRD IMPORTS, INC.

2016: EMPLOYEE BENEFIT PLAN OF GRD IMPORTS, INC. 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2015: EMPLOYEE BENEFIT PLAN OF GRD IMPORTS, INC. 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedYes
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number099190I
Policy instance 1
Insurance contract or identification number099190I
Number of Individuals Covered107
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $6,987
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees6987
Additional information about fees paid to insurance brokerPORTION OF INCENTIVE COMP. PROGRAM
Insurance broker organization code?3
Insurance broker nameST. LOUIS REGIONAL OFFICE

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